833 Elmore AveAkronOH44302
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Akron at 833 Elmore Ave, Akron, OH, 44302 uses $66,300 cash to close to unlock $5,416/yr annual cash flow and $451/mo monthly cash flow. Total monthly income runs $1,781/mo, and a $979/mo payment keeps the spread at $451/mo. Purchase price stands at $200,000, and rental yield measures 10.69% with $1,781/mo rent. Return on cash invested shows 28.08% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 147.31% and total cumulative return in cash records $97,664. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,781/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1915
4,922 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44302, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,076 (100%) |
| Owner Occupied HU | 872 (28.3%) |
| Renter Occupied HU | 1,833 (59.6%) |
| Vacant Housing Units | 371 (12.1%) |
| Median Home Value | $115,021 |
| Average Home Value | $171,413 |
Housing Distribution
Address Breakdown
Residential
2,530
Single Family
1,936
Multi-Family
594
Businesses
170
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